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This week, the Hong Kong fashion and bags manufacturer Michael Kors Holding may announce a deal to acquire the Italian fashion house Gianni Versace, Bloomberg reports referring to sources familiar with the situation. Michael Kors estimated the Italian fashion house at about 2 billion dollars. As the sources noted, in the event of a deal, the Versace family will continue to play its role in the company. The agency also reports that at the moment it is not known how the Blackstone Group plans to dispose of its 20% stake in Versace if the final sales agreement is reached.
Gold prices fell earlier on Tuesday in Asian trade, retreating from an earlier rally on the back of Washington’s comments on the U.S.-China trade deal. White House trade advisor Peter Navarro temporarily spurred worries from investors ...
Gold prices slip as Russia suspends bullion purchase Gold prices fell on Wednesday morning, stretching out losses from Tuesday as speculations grew of Russia planning on moving from a major bullion purchaser to a seller. Gold Futures had slid ...
U.S. crude oil prices climbed on Friday, stretching its gains after the 24% rise on Thursday after President Donald Trump said that he might step in the price war between Russia and Saudi Arabia. U.S. crude and global benchmark Brent crashed ...
The U.S. House of Representatives approved an $8.3 billion bill in an effort to contain the outbreak of the coronavirus and commence the developing of vaccines. The bill, which was passed on Wednesday, will be sent for final approval to the ...
Malaysia’s leading sugar producer disclosed its plan of purchasing higher volume of sugar from India, with sources saying that the scheme is an attempt to resolve its ongoing feud with New Delhi over palm oil exports. MSM Malaysia ...
KYC Policy